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Cable Update (GBPUSD)

  • #14,101
  • Jun 1, 2007 3:39am Jun 1, 2007 3:39am
Quoting deboooo2005
I didnt see any sign to short ..... i'm out
Out of the closet? : jk...

It's unnervingly indecisive. I wish it would just make up it's mind and go dagnabit!
  • #14,102
  • Jun 1, 2007 3:44am Jun 1, 2007 3:44am
Looking somewhat bearish to me, but it looks like it's mostly range bound with increasing support and resistance. 800-772 for now, could see a break past 772 later towards 760-740 range. Without some decent news though, I'm not expecting much today.
  • #14,103
  • Jun 1, 2007 3:49am Jun 1, 2007 3:49am
GBP/USD looks bearish.... I think it might touch 1.9700 today
  • #14,104
  • Jun 1, 2007 5:03am Jun 1, 2007 5:03am
Im predicting the NFP numbers whould be around 130k and the previous number of 88k would be revised to above 110k.

NFP is famous for revisions. So be careful.

This would give dollar the strength for some time.

Cheers
  • #14,105
  • Jun 1, 2007 5:24am Jun 1, 2007 5:24am
Why was March & April a bad month for trading?

Im trying out a system and seems to go well but then i always break even at March & April, any help would be appreciated, thanks.
  • #14,106
  • Jun 1, 2007 5:30am Jun 1, 2007 5:30am
Is there any leaking of data info before the actual media release that certain people would have access to whether it be legal or not?
  • #14,107
  • Jun 1, 2007 6:08am Jun 1, 2007 6:08am
I've highly confidential information that confirms with 100% certainty that GBPUSD will go down unless it goes up instead!
Trust price. Know yourself.
  • #14,108
  • Jun 1, 2007 6:31am Jun 1, 2007 6:31am
Quoting SeekingLight
I've highly confidential information that confirms with 100% certainty that GBPUSD will go down unless it goes up instead!

Nothing is 100% in forex
  • #14,109
  • Jun 1, 2007 6:35am Jun 1, 2007 6:35am
I've highly confidential information that confirms 95% of traders in Forex lose their hard earned money. I plan to be that 5% who don't!!!
  • #14,110
  • Jun 1, 2007 6:42am Jun 1, 2007 6:42am
Quoting JoZo
Nothing is 100% in forex
One thing is: All the pairs, no exception whatsoever, go to the right.

P.S. The day they start going to the left, our problems won't be forex related
  • #14,111
  • Jun 1, 2007 6:45am Jun 1, 2007 6:45am
Quoting cesarnc
One thing is: All the pairs, no exception whatsoever, go to the right.

P.S. The day they start going to the left, our problems won't be forex related

hahah nice one!!! 45min NFP impact!
  • #14,112
  • Jun 1, 2007 6:46am Jun 1, 2007 6:46am
Quoting metro
Why was March & April a bad month for trading?

Im trying out a system and seems to go well but then i always break even at March & April, any help would be appreciated, thanks.
Anyone?
  • #14,113
  • Jun 1, 2007 6:47am Jun 1, 2007 6:47am
Quoting JoZo
hahah nice one!!! 45min NFP impact!
NFP Impact - Best get to my underground bunker! :surprised
  • #14,114
  • Jun 1, 2007 6:51am Jun 1, 2007 6:51am
thx henrycarol
  • #14,115
  • Jun 1, 2007 6:53am Jun 1, 2007 6:53am
Anyone remember the last NFP? Its was a bit of a damp squid.

.
  • #14,116
  • Jun 1, 2007 6:56am Jun 1, 2007 6:56am
Quoting metro
Anyone?
Based on fundamentals, which is what I do, those months were hit by GBP and USD mixed-to-bullish sentiment simultaneously. GBP in the verge of another hike (not inspiring seller off the lows) and USD favoured by recent data indicating that a rate cut is not likely shortly, as thought previously (thus no GU buyers -USD sellers - off the highs... ). This USD sentiment could be verified by the 10yr. Trasury going up fast lately. Now stalling at 4.9%

To note ethat the big run from 9211 to 0131, was fueled by GBP bullish sentiment (on the strong CPI/retail sales) and strong USD bearish sentiment at the same time.

30 min to the big daddy of all data
  • #14,117
  • Jun 1, 2007 7:01am Jun 1, 2007 7:01am
Quoting cesarnc
Based on fundamentals, which is what I do, those months were hit by GBP and USD mixed-to-bullish sentiment simultaneously. GBP in the verge of another hike (not inspiring seller off the lows) and USD favoured by recent data indicating that a rate cut is not likely shortly, as thought previously (thus no GU buyers -USD sellers - off the highs... ). This USD sentiment could be verified by the 10yr. Trasury going up fast lately. Now stalling at 4.9%

To note ethat the big run from 9211 to 0131, was fueled by GBP bullish sentiment (on the strong CPI/retail sales) and strong USD bearish sentiment at the same time.

30 min to the big daddy of all data
Thank you, is there anyway to avoid this, is there anything i could look out for?

Thanks again.
  • #14,118
  • Jun 1, 2007 7:18am Jun 1, 2007 7:18am
Quoting cesarnc
Based on fundamentals, which is what I do, those months were hit by GBP and USD mixed-to-bullish sentiment simultaneously. GBP in the verge of another hike (not inspiring seller off the lows) and USD favoured by recent data indicating that a rate cut is not likely shortly, as thought previously (thus no GU buyers -USD sellers - off the highs... ). This USD sentiment could be verified by the 10yr. Trasury going up fast lately. Now stalling at 4.9%

To note ethat the big run from 9211 to 0131, was fueled by GBP bullish sentiment (on the strong CPI/retail sales) and strong USD bearish sentiment at the same time.

30 min to the big daddy of all data
More like a weak daddy last time out. NFP aren't what they used to be anymore. I hope this one moves cable more than 30 pips. What happened if it is as expected? We'll see another 20-30 pips move?
  • #14,119
  • Jun 1, 2007 7:21am Jun 1, 2007 7:21am
Quoting forex_newbie
Anyone remember the last NFP? Its was a bit of a damp squid.

.
I think this one will be another, might be good for the dollar.
but with all the other news out today this thing isn't going anywhere fast.
I'm thinking a big see saw ride to nowhere !!!
“Past performance is not indicative of future results”
  • #14,120
  • Jun 1, 2007 7:28am Jun 1, 2007 7:28am
Quoting Pipsqueak
More like a weak daddy last time out. NFP aren't what they used to be anymore. I hope this one moves cable more than 30 pips. What happened if it is as expected? We'll see another 20-30 pips move?
Sad but true
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